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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Safe & Green Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.23 Mil.
Warning Sign:
SG Blocks Inc keeps issuing new debt. Over the past 3 years, it issued USD 6.454 million of debt.
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Safe & Green Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.23 Mil. Safe & Green Holdings's Total Assets for the quarter that ended in Sep. 2023 was $25.33 Mil. Safe & Green Holdings's LT-Debt-to-Total-Asset for the quarter that ended in Sep. 2023 was 0.13.
Safe & Green Holdings's LT-Debt-to-Total-Asset increased from Sep. 2022 (0.10) to Sep. 2023 (0.13). It may suggest that Safe & Green Holdings is progressively becoming more dependent on debt to grow their business.
The historical data trend for Safe & Green Holdings's Long-Term Debt & Capital Lease Obligation can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Safe & Green Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | - | - | 1.21 | 1.62 | 3.79 |
Safe & Green Holdings Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 2.95 | 3.79 | 3.56 | 3.43 | 3.23 |
Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.
Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.
The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.
A company's long term debt may have different dates of maturity and interest rates, depending on the terms.
Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.
Safe & Green Holdings (NAS:SGBX) Long-Term Debt & Capital Lease Obligation Explanation
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Safe & Green Holdings's LT-Debt-to-Total-Asset ratio for the quarter that ended in Sep. 2023 is calculated as:
LT-Debt-to-Total-Asset (Q: Sep. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 ) | / | Total Assets (Q: Sep. 2023 ) |
= | 3.234 | / | 25.334 | |
= | 0.13 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.
We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.
Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)
Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.
BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.
If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.
Important: little or no long term debt often means a Good Long Term Bet
Thank you for viewing the detailed overview of Safe & Green Holdings's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Meharey | director | 990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
Jill Ellen Anderson | director | 990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
Vanessa Villaverde | director | 990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132 |
Patricia Kaelin | officer: Chief Financial Officer | 990 BISCAYNE, #501, OFFICE 12, MIAMI FL 33132 |
Elizabeth Cormier-may | director | 5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256 |
Shafron E. Hawkins | director | 5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256 |
John William Shaw | 10 percent owner | 1005 E. LAS TUNAS DR., #116, SAN GABRIEL CA 91776 |
Gerald Anthony Sheeran | officer: Acting Chief Financial Officer | C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
Margaret Coleman | director | 195 MONATGUE STREET, 14TH FLOOR, 14TH FLOOR, BROOKLYN NY 11201 |
Yaniv Blumenfeld | director | C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
David Roberto Villarreal | director | 17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
Joseph Safina | director | 1320 SEMINOLE DRIVE, FORT LAUDERDALE FL 33304 |
William Jeffrey Rogers | officer: Chief Operating Officer | 17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
Mahesh S Shetty | director, officer: CFO | 429 MEMORY LANE, MARSHALL TX 75672 |
Swets Larry G Jr | 10 percent owner | 105 S. MAPLE ST., ITASCA IL 60143 |
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